M3 Sells The Colony Uptown

Built in 1971 and acquired in Q2 2014, the Colony is located about 5 miles NW of downtown San Antonio and was our smallest property (89 units) purchased in Fund #2 portfolio. We sold the property in Q4, 2017 generating a net internal rate of return (IRR) of 13.8% to the investors over a 3.3 year hold.